Brief: Ebioss in talks to buy 51 pct stake of Ireland's React Energy Group
10/01/2017 08:53
Jan 10 (Reuters) - Ebioss Energy AD EBI.MC :
* Says Ireland's React Energy will convene an extraordinary shareholders meeting to approve
issuance of 78.2 million new shares to convert its subsidiary Newry Biomass Limited's debt of
5.2 million euros ($5.5 million) to Ebioss
* If approved by the shareholders of React Energy, the debt converted into new shares will
give Ebioss 51 percent of the Irish company listed on the AIM of the London Stock Exchange
Source text: http://bit.ly/2jcX5Tw
Further company coverage: EBI.MC
($1 = 0.9438 euros)
(Gdynia Newsroom)
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